According to the Reserve Bank of India (RBI), credit card spending in India saw a significant dip in February 2025 — the lowest in the past seven months. Spending declined by 9% from the previous month to ₹1.67 lakh crore, while the number of transactions dropped by 8% to 396 million. Though year-on-year spending rose by 12%, the growth rate has slowed down, and the average transaction value also
